Buzzing Stocks - Keynote Capitals (February-1-'11)

Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��

Buzzing Stocks

·      Siemens AG is planning to increase its stake in the Indian subsidiary, Siemens Ltd, from the present 55.18% to 75% with an offer of US$1.4bn.

·      The Aditya Birla Group has finally agreed to buy out the US firm Columbian Chemicals Company for US$875mn from One Equity Partners, the merchant banking arm of JPMorgan Chase.

·      L&T Infotech, the information technology arm of engineering major Larsen & Toubro, has acquired Citigroup’s Canadian IT outsourcing arm, Citigroup Fund Services Canada (CFSC).

·      ITC Ltd is looking to acquire 1,000 acres of land to set up a mega Greenfield paper and paperboards factory adjacent to its existing one in Sarapaka village, Khammam, Andhra Pradesh.

·      Ranbaxy Laboratories has signed a memorandum of understanding with the government of Yaroslavl region in Russia for cooperation in the field of healthcare and medical science.

·      Dr Reddy's gets US court nod to sell its generic product version of Allegra D 24 tablets (fexofenadine hydrochloride).

·      HCL Infosystems has bagged `25bn project from state-run telecom firm BSNL.

·      PNB has hiked its base rate as well as benchmark prime lending rate (BPLR) by 50bps each.